TN CM launches special scheme on electronics components; targets ₹30,000 cr investments
Chennai: Aiming to garner investments to the tune of ₹30,000 crore and create 60,000 jobs in the State, Tamil Nadu Chief Minister M K Stalin launched the 'Tamil Nadu Electronics Components Manufacturing Scheme' here on Wednesday. The special initiative by the state government would support the production of electronic components in the State. Tamil Nadu had earlier rolled out the 'Semiconductor and Advanced Electronics Policy 2024' to further encourage value-added manufacturing and attract large scale investments in semiconductor sub-sectors. This policy has paved the way for Tamil Nadu to emerge as a front runner in the production of electronic goods.
"In continuation of these efforts to strengthen the electronics manufacturing ecosystem, the Chief Minister has now launched this special scheme focused on electronic component manufacturing," an official release said on Wednesday.
The 'Tamil Nadu Electronics Components Manufacturing Scheme' would offer incentives to attract companies that benefit under the Electronics Component Manufacturing Scheme of the Union Ministry of Electronics and Information Technology, it said.
Through this scheme, the government would offer incentives that match the subsidies announced under the Centre's scheme.
Tamil Nadu secured the top position among Indian states in electronics exports, achieving a record $14.65 billion in the 2024-25 financial year, becoming the first state to reach this milestone.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
14 minutes ago
- New Indian Express
New normal amid a new cold war
The effect of Donald Trump's return to the White House is being felt in capitals all over the world. At the recently-concluded Shangri-La Dialogue in Singapore, the spectre of a new cold war rose once again to dominate discussions. In his ASEAN chairman's statement, Malaysian Prime Minister Anwar Ibrahim categorically asserted the return of a cold war to systemic interstate relations. The reference does not augur well for the ASEAN, which has been trying to build resilience within while maintaining a degree of balance between the US and China. The second important aspect of this year's dialogue has been the tough stand India has placed on its recent military stand-off with Pakistan following the devastating terror attack at Pahalgam. The subsequent Indian political and military action against Pakistan has highlighted what the political leadership is calling the 'new normal', signalling that tolerance has its limits. Both these indicated a changed environment at the Shangri-La Dialogue, especially as they implied certain defining shifts. First, the very definition of the term 'cold war' and how this period will be different from the earlier cold war. Second, the Trump administration's impact on the wider Indo-Pacific and what it expects from the region vis-á-vis the US-China rivalry. Third, the choices for ASEAN states, particularly in light of the extending US-China rivalry. And finally, how this affects the role India plays within multilateral forums and how India's definition of the new normal affects the region. First, the reference to a new cold war is not new. Even during the first Trump term, a National Security Strategy paper released by the administration in November 2017 clearly reiterated that the foremost threats to American interests and leadership in the global order were from China and Russia, articulating the tensions at systemic levels.
Time of India
22 minutes ago
- Time of India
Nagaland varsity signs pact with RIS for research collab
Dimapur: Nagaland University signed an MoU with Research and Information System for Developing Countries (RIS), an autonomous think tank under the ministry of external affairs, becoming one of the 23 Indian universities to sign the agreement, reports Bhadra Gogoi. The University Connect Hub, established under this MoU, aims to facilitate collaborative research, knowledge sharing, and capacity building between NU and RIS. The MoU was signed on the sidelines of the international conference on 'Global South and Triangular Cooperation: Emerging Facets' held on June 3 and June 4, a varsity release said on Thursday. Prof Sachin Chaturvedi, DG, RIS, and Prof Jayanta Choudhury head of the department of rural development and planning, NU, signed the MoU on behalf of their institutions. The University Connect Hub will do joint research and resource pooling, organise seminars on global economy, climate change, and development finance, hold faculty exchange programmes, conduct joint publications and research dissemination and exchange of research publications.
The Hindu
22 minutes ago
- The Hindu
Economics, EdTech, and the illusion of learning
In the late 1970s, when I was hesitantly moving to be a so- called 'research student', I had all kinds of doubts and apprehensions, as the decision on the ' trade-off ' was too difficult, given the state of job opportunities those days. India today is a different India, where income opportunities are aplenty, though the so-called 'jobs' may be fewer. Seeing my hesitation and doubts, my research supervisor advised me,'… do try to get a good Ph.D. in Economics, and try to fool others'. More recently, as I sit on several interview boards, the Economics guys, who come before me, prove it the other way! It so happened that, last week, I had such an occasion, when I found a post-graduate from a premier institution (of great legacy), who has not even heard of the classical and neoclassical theories in Economics! But, surprisingly, he claimed to be adept in a few data processing software such as SAS and MATLAB, as well as open-source options like R and Python! The NEP 2020 aims to reform the education system by promoting holistic learning, critical thinking, and a focus on experiential learning. A theory, in a general sense, is a well-supported explanation of why or how things happen, based on observations and evidence, often developed through ongoing inquiry. While theory arises from enquiries on existing or perceived phenomena, how can one manage even without the framework within which the past generation approached the sciences? The simple answer often pointed out is that such deep learning is not of practical use. Education as information refilling The idea that educational institutions in India are primarily 'information refilling stations' is a common critique, suggesting they focus on rote memorization and standardized testing rather than fostering critical thinking and problem-solving skills. The 'information refilling model' in education refers to the process of regularly updating and enriching students' knowledge and skills, often through diverse learning experiences and engaging with new information. It's a shift away from static, rote learning towards a dynamic, active learning environment where students are constantly acquiring and applying new knowledge. While traditional curricula may emphasize knowledge acquisition, many institutions are also actively working to promote a more holistic approach to learning, encouraging creativity, innovation, and research; but they are a rare species! Today, all-India recruitments, such as civil services and scientist recruitment, are running on these lines. While the 'information refilling' model may reflect some aspects of the Indian education system, it is an oversimplification. Many institutions are working towards a more holistic and innovative approach, but challenges remain in addressing the pressure of standardized testing and fostering critical thinking skills. The statement, 'people who have money can afford the educational refilling stations' highlights a disparity in access to education based on financial resources. Educational refilling stations, which could refer to supplementary educational services like tutoring, enrichment programs, or private schools, are often more costly than basic public education. What is the motive for such refilling? Of course, the spot price and futures price are displayed by the so-called 'edushops' through their advertisements. And surprisingly, people invest in advanced courses in Economics, Management, and hybrids like Public Policy, without understanding their basic economics! 'Water, water everywhere, but not a drop to drink', goes the saying. To state that 'information illiteracy is the lack of knowledge as to how information can be used in productive activities' is a good starting point, but it's not quite complete. Information illiteracy is more than just lack of knowledge; it encompasses the inability to effectively find, evaluate, and use information to achieve personal, educational, or professional goals. If so, why should one spend his/her hard-earned money on education? It is high time legacy institutions in Economics and Management come forward, address the reality, and come out with innovative solutions. (Views are personal. The author, Senior Fellow & Director, Institute of Small Enterprises and Development, is a senior economist. (email: director@
